Good morning, Quartz readers!
What you need to know
Donald Trump’s presidential campaign team confirmed that it had been hacked. The campaign claims Iran may be to blame – citing a Microsoft report from last week – However, who the hacker is has not been verified from Politico, which received the leaked documents.
The richest person in China is now the founder of Temu. Colin Huang’s coffers took a massive hit during the pandemic, but have since recovered. the success of the international online marketplace.
TSMC’s revenues are rising rapidly because AI is “so hot” right now. CEO CC Wei told investors last week that all customers of the Taiwanese chip manufacturer integrate AI into their products.
Stellantis is laying off thousands of employees. The carmaker is also stopping production of one of its classic pickup trucks: the older version of his Ram 1500.
Amazon has partnered with TikTok and Pinterest. The buyers will able Buy items directly from Amazon while you are still in one of the social media apps.
China has just reached a milestone in electric vehicles
For the first time in history, more than half of all cars sold in China last month were either electric vehicles or plug-in hybrids.
The fact that 50.7% of new car sales were electric is especially stark when you compare it to sales just three years ago. Back then, only 7% were electric. 7%!
How is this possible? Well, Beijing has invested heavily in the EV industrywhich allowed domestic car manufacturers to outperform almost all foreign competition. These investments included significant subsidies that benefit not only domestic manufacturers. Tesla sales in the country also rose in July.
Indian Elon Musk has just doubled his fortune
Bhavish Aggarwalone of the world’s youngest billionaires, compared to Elon Musk, has more than doubled his wealth thanks to a big bet on another type of electric vehicle: Scooters.
The 38-year-old Indian entrepreneur is still worth only a fraction of Musk’s fortune, but his net worth rose by $1.5 billion after his company Ola Electric went public on Friday, bringing his total wealth to $2.7 billion.
But like Musk’s Tesla, Ola also had problems: long waiting times for deliveries after the first start, a toxic work culture due to Aggarwal’s outbursts, a series of fire incidentsand a big recall.
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Surprising discoveries
A giant 3D printer is building a neighborhood in Texas. After completion, the 100 houses in Georgetown will be the largest 3D printed neighborhood in the world.
There are 352 asteroids in our solar system that probably have their own baby moons. Daw!
A school in Texas bans all-black clothing. Your reasoning? The color is associated with depression.
The future success of a racehorse lies in its belly. The more species of bacteria there are in your digestive system, the better.
A homemade aquarium in Brooklyn caused so much excitement that it led to a robbery. Goldfish Swimming in a puddle of water from a leaky fire hydrant were hit, sparking controversy.
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